Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
We estimate that annual impact could increase our total cost of goods sold by approximately 6% to 8% exclusive of mitigation efforts.
We expect a very modest impact to gross margin. The majority of our suppliers are within the United States.
We have implemented mitigation plans to minimize the impact of these tariffs in Q2.
Our main concern with tariffs is not product cost inflation, Our main concern is the negative impact that tariff noise and volatility is clearly having on end consumer confidence and sentiment.
About 3/4 of our supply chain purchases are insulated from tariffs.
the evolving tariff environment and associated concerns in the market around potential demand impacts will likely weigh on the market to some degree.
the main driver of expansion over the coming quarters will be the outcome of inflation, tariffs and changes in interest rates.
We applaud recent steps to help level the playing field for American steel producers.
Given tariff and trade negotiations, it's worth mentioning that we are particularly well-positioned to complete our sustainability growth investments at targeted capital investment levels because we've been deliberate in procuring the equipment needed for these projects ahead of time.
The preliminary all others rate is set to increase from 14% to over 34%, more than double the current rates once finalized.